New York Strengthens Commitment to AI Research with $20 Million Investment

New York State is reaffirming its dedication to the field of artificial intelligence (AI) research with an investment of $20 million.

This funding will be split between the University at Albany (UAlbany) and the State University of New York (SUNY), signifying a pivotal move towards establishing New York as a leading force in AI innovation and education.

A significant portion of this investment is earmarked for the University at Albany, which has formed a partnership with IBM. This collaboration will give rise to the Center for Emerging Artificial Intelligence Systems, a dedicated hub for advancing AI research, technology, and the cultivation of a skilled workforce.

UAlbany’s commitment to AI innovation is part of a broader initiative, with a total planned investment of $200 million. Last month, University at Albany President Havidán Rodriguez introduced this ambitious plan, and its impact is already becoming evident. With a prior investment of $75 million from the state, UAlbany has made substantial progress in fortifying its AI capabilities.

The university has recruited 27 faculty members who specialise in AI, including an AI institute director, in preparation for the launch of the new center.

The remaining portion of the $20 million investment is designated for the State University of New York (SUNY), where a comprehensive “AI research group” will be established.

This 60-member team will engage in multidisciplinary research, focusing on AI’s application across various domains, policy formulation, and educational initiatives.

Governor Hochul’s vision for AI is ambitious and forward-looking. She emphasises the need to integrate AI into the educational landscape. By investing in AI research and education, New York aims to prepare its workforce for the AI-driven future and establish itself as a hub for AI innovation and technology.

We can incubate and foster a brilliant future for New York.

Governor Kathy Hochul’s vision is clear: New York aims to lead the AI revolution, not just follow it. By supporting academic institutions and nurturing AI talent, the state is on a path to become a global hub for innovation.

But can this substantial investment in AI propel New York to attract businesses, researchers, and students from around the world, all while ensuring it remains at the forefront in a world being reshaped by AI?

* Original content written by Coinlive. Coinbold is licensed to distribute this content by Coinlive.

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